CHICAGO [February 27, 2009] – UFT Commercial Finance, LLC. (www.uftcf.com) an innovator in the deployment of credit participation and credit aggregation services, has been engaged by United Financial Technologies ("UFT") as a preferred vendor to assist in the credit support and enhancement of the Collateralized Variable Rate Demand Note (“CVRDN”).  

UFT Commercial Finance will be on the ready to provide credit aggregation services by selectively engaging qualified lenders that are members of the UFTCF Participating Lender Network.   “As a provider of aggregation services, UFT Commercial Finance will fill a vital role in coordinating several quality lenders to support the issuance of letters of credit and other credit enhancement instruments that are required to meet our licensee’s high-volume credit needs,” comments Joanne Marlowe, Chief Executive Officer of UFT.  

Henri Atamian, Executive Vice-President of UFT Commercial Finance, went on to say, “UFT Commercial Finance is thrilled to have the opportunity to bring these quality credits through our Participating Lender Network.  The opportunity for our Participating Lenders to engage in 'unfunded' credits in support of the conversion of a CVRDN brings with it a tremendous opportunity for enhanced earnings and yield for each of those lenders and financial institutions. This type of lending opportunity does not make its way into the mid-tier and smaller lender market often and represents an exceptional way to conserve both liquidity and balance sheet for these lenders; both of which are valued highly in today’s credit market.”  

UFT’s Preferred Vendors represent a select group of financial service providers that have committed to being trained in select financial instruments and systems that have been developed by UFT, such as the CVRDN and MVRDN.  "Our Vendors are the backbone of what make our products come to life in the market.  Any additional and quality depth of service we can afford our Licensees by coming to arrangements with new Vendors is a responsibility we take seriously,” adds Marlowe, “Aggregation services enhances our Licensee’s chances of accessing the capital that they’ve raised using a CVRDN for the commercial purposes intended.”   

The CVRDN is a financial technology developed by UFT that appeals to credit-worthy companies with capital intensive business models that consistently utilize debt financing. It is an interest-only financial instrument which increases cash flow and allows debt capital to be pooled prior to allocation into the commercial operation of the CVRDN Issuer as borrower.  

The Participating Lender Network is comprised of Qualified Participants that are commercial banks, lenders, family offices, pension funds, and assorted other financial institutions located in multiple countries.  Each Participating Lender may, in accordance with a standard set of governing terms and conditions, acquire Credit Participation Certificates (“CPC”) in support of its fully funded and unfunded participation in certain qualifying credits.  Each CPC represents a participating interest in a specific credit, whether such credit is constituted by a conventional loan or funded credit facility or by the issuance of a letter of credit [as an unfunded credit] as such is called for under the operation of a CVRDN.   

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UFT Commercial Finance, LLC. is an alternative credit solutions company and the Network Manager of the Master Participating Lender Network.  It is a privately held company with offices in Chicago, Illinois and Scottsdale, AZ. Learn more about UFT Commercial Finance at www.uftcf.com.  

United Financial Technologies, Inc. a designer and developer of financial instruments and solutions, is a privately held company headquartered in Chicago, Illinois. Learn more about UFT at www.unitedft.com.  
 
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